Stock markets overcome volatility, close in positive zone

Mumbai (Maharashtra) [India], May 16 (ANI): Equity benchmark indices erased volatility of the morning session and gained in the last trading hours on Thursday.

The SP BSE Sensex opened at 37,179, jumped to a high of 37,519 and finally settled at 37,393. The Nifty 50 too witnessed a volatile session but closed 100 points up at 11,257.

Except for pharma, all sectoral indices at the National Stock Exchange were in the green. Investors attributed the swings to wait-and-watch sentiment in the market and mixed quarterly corporate results ahead of the exit polls.

Zee Entertainment was a prominent gainer which closed over 9 per cent up at Rs 351.70.

Tata Chemicals gained more than 8 per cent after Tata Group on Wednesday transferred all its branded food businesses to Tata Global Beverages, which will be renamed as Tata Consumer Products.